The company said its technology can recover 300% more lithium than conventional methods. Traditional extraction typically yields 30% to 40% of lithium from brine, while EnergyX said its DLE achieves a +90% extraction rate.
The technology has raised over $110 million in total funding, backed by investors including General Motors, Eni and POSCO.
With two Tier 1 projects underway, Black Giant in Chile is estimated to produce 40,000 tonnes of lithium per year, while Project Lonestar in the US is estimated at 25,000 tonnes.
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